Drainage Bottles Market by Key Players – PAHSCO, PFM Medical, Inc., Lily Medical Corporation, Hospitech

The global Drainage Bottles Market size is anticipated to reach USD 704.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% from 2021 to 2028. Increasing incidence of accidents, increasing prevalence of diseases such as uremia and cardiovascular disease, and rising number of thoracic surgeries are driving the market.

Drainage bottles are used in surgeries such as thoracic surgery, and in the treatment of wounds. Thus, the increasing prevalence of wounds and rising number of accidents are a few factors increasing the demand for drainage bottles. For instance, as per the National Health Portal, in India, approximately 7 million people suffer from a type of burn injury every year. In addition, as per CDC, every year approximately 1.35 million people are killed in road accidents across the globe. Furthermore, around 20-50 million people suffer non-fatal injuries resulting in long-term disabilities.

During the COVID-19 pandemic, the demand for drainage bottles has increased due to the increased number of hospital admissions of people suffering from COVID-19. The increasing prevalence of COVID has also resulted in other diseases such as pneumonia, which do require chest drainage for treatment, thus, increasing the demand for drainage bottles.

Related Press Release@ Drainage Bottles Market Report

Drainage Bottles Market Report Highlights

  • On the basis of application, the chest drainage segment dominated the market with a share of 26.0% in 2020, owing to the high adoption of drainage bottles during cardiovascular procedures and outbreak of COVID-19
  • Based on end use, the hospitals & clinics segment dominated the market with a share of 63.0% in 2020. The segment growth is majorly driven by the increasing number of patients suffering from cardiovascular disorders
  • Asia Pacific dominated the market with the highest revenue share of 30.07% in 2020, owing to the presence of a large patient pool along with the rising aging population

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